Cross border e-commerce marketplace Club Factory has raised $100 million in its Series D round led by Chinese venture capital firm Qiming Venture Partners. Existing investors Bertelsmann Asia Investments, IDG Capital and the US and China-based Frees Fund participated in the funding round. Hangzhou, China-headquartered Club Factory had previously raised $100 million in its Series C round in February 2018 from BAI, Frees Fund, IDG Capital, Kunlun Ventures, Zhen Fund and others.